Last fiscal, RBI paid an interim dividend of Rs 10,000 crore to central government.New Delhi:Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said central bank will announce a decision on giving interim dividend to government once such a final view is taken.
The government has already said it will seek interim dividend from RBI in order to maintain its fiscal deficit of 3.3 per cent of GDP for 2018-19.
Last fiscal, RBI paid an interim dividend of Rs 10,000 crore to central government.
RBI follows July-June calendar."As and when RBI takes any decision on any matter (interim dividend), you will come to know about it," Mr Das said.Last month, Economic Affairs Secretary Subhash Chandra Garg had said government will seek interim dividend from Reserve Bank of India (RBI).As per Budget Estimate, government projected to collect Rs 54,817.25 crore as dividend or Surplus of Reserve Bank of India, Nationalised Banks and Financial Institutions in current financial year (2018-19).The government received Rs 40,000 crore as dividend for current fiscal while Rs 10,000 crore was paid as interim dividend in last financial year (2017-18).In all, RBI paid a dividend of Rs 50,000 crore to government in 2017-18.